Review the Current Income Limit
Compare your anticipated annual household income with the program limit listed above. The current maximum annual household income is $90,800.
Affordable Housing Program
Income-Restricted Apartments in Richmond, VA
The Current offers select income-restricted apartment homes in Richmond, Virginia through an affordable housing program for households that meet applicable income qualifications.
Located in Richmond's Manchester neighborhood, The Current offers residents contemporary apartment living with convenient access to Downtown Richmond, nearby dining, retail, recreation, and major transportation routes. For those researching Richmond affordable housing options, designated apartment homes at The Current may provide an opportunity to enjoy the community while participating in an income-qualified housing program.
Review the current affordable housing eligibility information below, including the income limit, program set-aside, verification process, and frequently asked questions about income-restricted apartments at The Current.
Affordable Housing Eligibility at The Current
Eligibility for designated affordable apartment homes at The Current is based on household income and applicable program requirements. The community's affordable housing program currently includes an 80% income set-aside under a Taxable Bond program.
Affordable Program
Taxable Bond
Program designation for qualifying income-restricted apartment homes.
Income Set-Aside
80%
Eligibility is based on the applicable income level and program requirements.
MTSP Median Income Limit
$113,500
Median income figure used for the applicable affordable housing program.
Income Limit Effective Date
April 24, 2025
Current program information provided for qualification purposes.
Current Program Income Limit
Maximum Annual Household Income
$90,800
The maximum annual household income currently listed for The Current's 80% income-restricted affordable housing program is $90,800.
Important:
The income limit shown above is not adjusted for household size.
Income limits, apartment availability, and program requirements are
subject to change. Final eligibility must be verified through
The Current's qualification and application process.
How to Qualify for an Income-Restricted Apartment in Richmond
If you are exploring affordable apartments in Richmond, VA, understanding the qualification process can help you prepare. Income qualification is one part of the leasing process, and applicants must also satisfy applicable community rental criteria and program requirements.
Contact The Current's Leasing Team
Our leasing team can help explain current income-restricted apartment availability, applicable affordable housing requirements, and the qualification process.
Provide Required Documentation
Applicants may be required to provide documentation to verify household income, assets, and other information required by the affordable housing program. The leasing team will provide instructions regarding the documentation needed.
Complete the Qualification Process
Final eligibility for an income-restricted apartment is determined after all required information has been received and reviewed in accordance with applicable program and community requirements.
Richmond Affordable Housing & Income-Restricted Apartment FAQs
These frequently asked questions provide general information for prospective residents researching affordable housing, income-qualified apartments, and income-restricted apartments in Richmond, Virginia.
Does The Current offer income-restricted apartments in Richmond, VA?
Yes. The Current offers select apartment homes through an
income-restricted affordable housing program. Availability
may vary, so prospective residents should contact the leasing
team to confirm which apartment homes are currently available
through the program.
What is the income limit for affordable housing at The Current?
The current maximum annual household income listed for
The Current's 80% income-restricted program is $90,800.
This income limit is not adjusted for household size.
The current effective date is April 24, 2025.
What does an 80% affordable housing set-aside mean?
The 80% set-aside identifies the income level associated with
the affordable housing program governing designated apartment
homes at The Current. Qualification is based on the applicable
program requirements and verified household income.
How do I qualify for an income-restricted apartment in Richmond?
Applicants generally complete an application and provide the
documentation required to verify household income and other
applicable program information. The Current's leasing team
can explain current qualification requirements and provide
instructions for completing the process.
Are all apartments at The Current part of the affordable housing program?
Not necessarily. Availability may include different apartment
and program options. Please contact The Current's leasing team
to confirm which currently available apartment homes are
designated as income restricted.
How is household income verified for an affordable apartment?
Applicants may be asked to provide documentation needed to
verify household income, assets, and other information required
by the applicable affordable housing program. Required
documentation may vary, and the leasing team will provide
instructions during the qualification process.
Can I contact The Current if I am unsure whether I meet the income criteria?
Yes. The leasing team can explain the current program
requirements, income limit, apartment availability, and
qualification process. Final eligibility is determined
through the formal application and verification process.
Can affordable housing income limits change?
Yes. Income limits and affordable housing program requirements
may be updated periodically. The Current's leasing team can
confirm the requirements in effect when you apply.
Explore Affordable Housing Options at The Current
Looking for income-restricted apartments or affordable housing options in Richmond, VA? Contact The Current's leasing team to learn more about current availability, income qualifications, required documentation, and the application process.
Affordable Housing Program
Income-Restricted Apartments in Richmond, VA
The Current offers select income-restricted apartment homes in Richmond, Virginia through an affordable housing program for households that meet applicable income qualifications.
Located in Richmond's Manchester neighborhood, The Current offers residents contemporary apartment living with convenient access to Downtown Richmond, nearby dining, retail, recreation, and major transportation routes. For those researching Richmond affordable housing options, designated apartment homes at The Current may provide an opportunity to enjoy the community while participating in an income-qualified housing program.
Review the current affordable housing eligibility information below, including the income limit, program set-aside, verification process, and frequently asked questions about income-restricted apartments at The Current.
Affordable Housing Eligibility at The Current
Eligibility for designated affordable apartment homes at The Current is based on household income and applicable program requirements. The community's affordable housing program currently includes an 80% income set-aside under a Taxable Bond program.
Affordable Program
Taxable Bond
Program designation for qualifying income-restricted apartment homes.
Income Set-Aside
80%
Eligibility is based on the applicable income level and program requirements.
MTSP Median Income Limit
$113,500
Median income figure used for the applicable affordable housing program.
Income Limit Effective Date
April 24, 2025
Current program information provided for qualification purposes.
Current Program Income Limit
Maximum Annual Household Income
$90,800
The maximum annual household income currently listed for The Current's 80% income-restricted affordable housing program is $90,800.
Important:
The income limit shown above is not adjusted for household size.
Income limits, apartment availability, and program requirements are
subject to change. Final eligibility must be verified through
The Current's qualification and application process.
How to Qualify for an Income-Restricted Apartment in Richmond
If you are exploring affordable apartments in Richmond, VA, understanding the qualification process can help you prepare. Income qualification is one part of the leasing process, and applicants must also satisfy applicable community rental criteria and program requirements.
Review the Current Income Limit
Compare your anticipated annual household income with the program limit listed above. The current maximum annual household income is $90,800.
Contact The Current's Leasing Team
Our leasing team can help explain current income-restricted apartment availability, applicable affordable housing requirements, and the qualification process.
Provide Required Documentation
Applicants may be required to provide documentation to verify household income, assets, and other information required by the affordable housing program. The leasing team will provide instructions regarding the documentation needed.
Complete the Qualification Process
Final eligibility for an income-restricted apartment is determined after all required information has been received and reviewed in accordance with applicable program and community requirements.
Richmond Affordable Housing & Income-Restricted Apartment FAQs
These frequently asked questions provide general information for prospective residents researching affordable housing, income-qualified apartments, and income-restricted apartments in Richmond, Virginia.
Does The Current offer income-restricted apartments in Richmond, VA?
Yes. The Current offers select apartment homes through an
income-restricted affordable housing program. Availability
may vary, so prospective residents should contact the leasing
team to confirm which apartment homes are currently available
through the program.
What is the income limit for affordable housing at The Current?
The current maximum annual household income listed for
The Current's 80% income-restricted program is $90,800.
This income limit is not adjusted for household size.
The current effective date is April 24, 2025.
What does an 80% affordable housing set-aside mean?
The 80% set-aside identifies the income level associated with
the affordable housing program governing designated apartment
homes at The Current. Qualification is based on the applicable
program requirements and verified household income.
How do I qualify for an income-restricted apartment in Richmond?
Applicants generally complete an application and provide the
documentation required to verify household income and other
applicable program information. The Current's leasing team
can explain current qualification requirements and provide
instructions for completing the process.
Are all apartments at The Current part of the affordable housing program?
Not necessarily. Availability may include different apartment
and program options. Please contact The Current's leasing team
to confirm which currently available apartment homes are
designated as income restricted.
How is household income verified for an affordable apartment?
Applicants may be asked to provide documentation needed to
verify household income, assets, and other information required
by the applicable affordable housing program. Required
documentation may vary, and the leasing team will provide
instructions during the qualification process.
Can I contact The Current if I am unsure whether I meet the income criteria?
Yes. The leasing team can explain the current program
requirements, income limit, apartment availability, and
qualification process. Final eligibility is determined
through the formal application and verification process.
Can affordable housing income limits change?
Yes. Income limits and affordable housing program requirements
may be updated periodically. The Current's leasing team can
confirm the requirements in effect when you apply.
Explore Affordable Housing Options at The Current
Looking for income-restricted apartments or affordable housing options in Richmond, VA? Contact The Current's leasing team to learn more about current availability, income qualifications, required documentation, and the application process.